The respective amounts of holding of Singapore’s sovereign wealth fund GIC and Credit Suisse Singapore Branch at VCM Services and Trading Development Company (VCM), the operator of the Vinmart chain, have been reported at 0%, according to data at the Vietnam National Business Registration Portal. … [Read more...] about Singapore’s GIC, Credit Suisse no longer hold shares of Vinmart operator?
Offshore software development companies
Hanoi (VNS/VNA) - Telecommunications firms are turning towards developing their own digital content, the Vietnam Telecommunications Authority (VNTA) under the Ministry of Information and Communications has said. Mobile service revenue is mainly based on traditional telecommunication services, with revenue from voice calls and SMS messages accounting for 76.6 percent. With tightened management over pre-activated SIM cards, the number of mobile phone subscriptions was 125.8 million last year, a year-on-year decrease of 3.5 percent. However, the number of broadband subscribers has increased significantly, with mobile broadband (3G, 4G) having 61.3 million subscriptions, accounting for 48.7 percent of the total number of mobile subscriptions. The total market share of the three largest enterprises, Vinaphone, MobiFone, and Viettel, accounted for more than 96.2 percent last year, said VNTA. Commenting on the telecommunications market, Huynh Quang Liem, deputy general director of … [Read more...] about Telecoms firms turn to digital content
Opening finance, telecom markets under EVFTA has opportunities, risks With the newEU-Vietnam FTA (EVFTA), the insurance sector is expected to continue to see strong growth, while the telecom sector will be more difficult to join. … [Read more...] about VN telecoms firms turn to digital content
Hanoi (VNS/VNA) - Experts believe the State's issuance of ownership certificates for non-residential real estate projects will solve existing difficulties in Vietnam’s real estate market. The Ministry of Natural Resources and Environment last week issued new guidelines about the land use regime and the certification of non-residential construction works, such as condotels. “These new guidelines bring positive signals to Vietnam’s real estate market at the start of this year, especially for hospitality developers and investors,” Su Ngoc Khuong, Senior Director of Investment, Savills Vietnam, told Vietnam News. “If the guideline is officially implemented, it will provide great support and leverage for the hospitality sector.” Hospitality investors have two main sources of income: selling second-home villas and condotels, and entertainment activities and leisure services in their projects. Currently, as the revenue of hospitality services has … [Read more...] about Experts eye fix for condotel woes
The outbreak in China, South Korea and Japan – three of the largest manufacturing economies in the world – has led investors to fear that the Vietnamese economy will be heavily affected by the slowdown of industrial outputs in the three economies as Viet Nam is highly connected to all three. … [Read more...] about Foreign capital keeps flowing out to weigh on VN stocks